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Tax Benefits for Mass Transit Commuters Set to Drop
Posted at 9 a.m. on Dec. 27, 2013
Washington Post: “Among the many items that Congress neglected to address before wrapping up its year, add another one: tax benefits for millions of Americans who rely on mass transit for their commutes.”
“Starting on Jan. 1, the monthly amount that commuters can set aside before taxes to spend on mass transit is set to drop from $245 to $130, which for some heavy users could equal nearly $1,000 in higher costs next year. The change pits mass transit users against drivers, who by contrast will see an increase in their monthly parking benefit in the new year, from $245 to $250.”